When it comes to Social Security…

…President Obama says:

“I cannot guarantee that those checks go out on August 3rd if we haven’t resolved this issue. Because there may simply not be the money in the coffers to do it.”

Weird. In thought Social Security was paid for by a dedicated tax. And Democrats keep telling me it isn’t bankrupt so why should the government’s inability to borrow MORE money imperil i’s obligation to pay Social Security?

14 comments July 12th, 2011